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Google-Parent Alphabet To Join Dow Jones Industrial Average, Replacing Verizon

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Google-parent Alphabet (GOOGL) will be added to the Dow Jones Industrial Average, replacing Verizon (VZ) on June 29. The move further cements the Dow Jones' shift into megacap techs. Google stock will be the fifth Magnificent Seven member in the Dow, following Microsoft (MSFT), Apple (AAPL), Amazon.com (AMZN) and Nvidia (NVDA). Google stock rose slightly in extended action. Verizon stock…